Private Advisor Group LLC Decreases Stake in Oklo Inc. (NYSE:OKLO)

Private Advisor Group LLC lowered its position in Oklo Inc. (NYSE:OKLO - Free Report) by 13.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,113 shares of the company's stock after selling 18,616 shares during the quarter. Private Advisor Group LLC owned approximately 0.08% of Oklo worth $2,490,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in OKLO. TD Waterhouse Canada Inc. purchased a new position in Oklo in the fourth quarter worth approximately $27,000. CoreCap Advisors LLC acquired a new stake in Oklo during the fourth quarter worth approximately $32,000. Covestor Ltd acquired a new stake in Oklo during the fourth quarter worth approximately $34,000. KBC Group NV acquired a new stake in Oklo during the first quarter worth approximately $36,000. Finally, Graybill Wealth Management LTD. acquired a new stake in Oklo during the first quarter worth approximately $43,000. Hedge funds and other institutional investors own 85.03% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Oklo in a report on Tuesday, July 15th. They set an "overweight" rating and a $73.00 price objective on the stock. Wedbush set a $75.00 price objective on shares of Oklo and gave the stock an "outperform" rating in a report on Thursday, June 12th. Citigroup lifted their target price on shares of Oklo from $30.00 to $68.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. William Blair initiated coverage on shares of Oklo in a report on Wednesday, May 28th. They issued an "outperform" rating on the stock. Finally, Craig Hallum cut shares of Oklo from a "buy" rating to a "hold" rating and set a $59.00 target price on the stock. in a report on Monday, June 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Oklo presently has an average rating of "Hold" and a consensus price target of $59.33.

Insider Buying and Selling at Oklo

In other Oklo news, CEO Jacob Dewitte sold 300,000 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $55.20, for a total value of $16,560,000.00. Following the transaction, the chief executive officer directly owned 10,105,098 shares of the company's stock, valued at approximately $557,801,409.60. The trade was a 2.88% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Stuart Klein sold 150,000 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $62.74, for a total transaction of $9,411,000.00. Following the sale, the director owned 250,000 shares in the company, valued at $15,685,000. The trade was a 37.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 600,000 shares of company stock worth $35,066,500 over the last three months. 18.90% of the stock is currently owned by corporate insiders.

Oklo Stock Performance

OKLO traded up $0.78 during trading on Friday, hitting $75.37. The stock had a trading volume of 18,491,087 shares, compared to its average volume of 18,484,780. The firm has a market capitalization of $10.52 billion, a P/E ratio of -13.93 and a beta of 0.57. The company's 50-day moving average price is $56.39 and its 200 day moving average price is $39.72. Oklo Inc. has a twelve month low of $5.35 and a twelve month high of $77.17.

Oklo (NYSE:OKLO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. As a group, equities analysts expect that Oklo Inc. will post -8.2 earnings per share for the current fiscal year.

About Oklo

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.